{"product_id":"building-automation-system-market-forecasts-to-2028-global-analysis-by-technology-wireless-technology-wired-offering-facility-management-systems-security-application-industrial-laboratory-and-by-geography","title":"Building Automation System Market Forecasts to 2028 – Global Analysis By Technology (Wireless Technology, Wired) Offering (Facility Management Systems, Security), Application (Industrial, Laboratory) and By Geography","description":"\u003cp\u003eBuilding Automation System Market Forecasts to 2028 – Global Analysis By Technology (Wireless Technology, Wired) Offering (Facility Management Systems, Security), Application (Industrial, Laboratory) and By Geography\u003c\/p\u003e\n\n\u003cp\u003eAccording to Stratistics MRC, the Global Building Automation System Market is accounted for $64.70 billion in 2021 and is expected to reach $132.64 billion by 2028 growing at a CAGR of 10.8% during the forecast period. Building Automation System consists of a microprocessor system that is based on a connection of wired or wireless controllers to diverse systems in a building. The main aim of building an automation system is to improve building structural efficiency. It is designed to monitor and control various parameters such as mechanical, heating, ventilation, and air conditioning (HVAC), humidity, ventilation systems, security, fire, and lighting within a building or across several campuses.\u003c\/p\u003e\n\n\u003cp\u003eMarket Dynamics:\u003c\/p\u003e\n\n\u003cp\u003eDriver:\u003c\/p\u003e\n\n\u003cp\u003eRise in adoption of automated security systems in buildings\u003c\/p\u003e\n\n\u003cp\u003eBuilding automation systems help in automating the security of a building using video surveillance and biometric systems. A video surveillance system monitors and records the behavior and activities of people. Surveillance systems are deployed at airports, schools, office buildings, and so on. Several governments have made it mandatory to install these systems for the protection of public places and critical infrastructure owing to the growing focus on security issues due to increasing terrorist attacks and criminal activities.\u003c\/p\u003e\n\n\u003cp\u003eRestraint:\u003c\/p\u003e\n\n\u003cp\u003eFalse notion about high installation costs of building automation systems\u003c\/p\u003e\n\n\u003cp\u003eBuilding automation systems help in saving energy and reducing operating and maintenance costs. However, end users and building owners hesitate to implement building automation systems due to their false perception that the installation costs of these systems are high. Similarly, they are unaware of the fact that the cost is primarily dependent on the complexity of integration pertaining to a specific application. End users demand affordable building automation systems but fail to realize the extent of the energy savings and the associated benefits of long-term cost savings.\u003c\/p\u003e\n\n\u003cp\u003eOpportunity:\u003c\/p\u003e\n\n\u003cp\u003eFavorable government initiatives and incentives\u003c\/p\u003e\n\n\u003cp\u003eSeveral governments play a crucial role in energy savings and supporting initiatives toward reducing carbon emissions. Several governments have formulated regulations and policies to improve energy efficiency and reduce a building’s footprint. This is a significant factor encouraging the installation of BAS.\u003c\/p\u003e\n\n\u003cp\u003eThreat:\u003c\/p\u003e\n\n\u003cp\u003ePresence of different communication protocols\u003c\/p\u003e\n\n\u003cp\u003eCommunication protocols play a vital role in ensuring the proper integration of various devices and equipment for the smooth functioning of BAS. However, the lack of common open communication protocols may lead to the use of different protocols by these devices.\u003c\/p\u003e\n\n\u003cp\u003eThe industrial segment is expected to have the highest CAGR during the forecast period\u003c\/p\u003e\n\n\u003cp\u003eThe industrial segment is growing at the highest CAGR in the market. Industrial facilities include factories, production plants, distribution facilities, warehouses, and other infrastructures that support manufacturing and production operations. They are expected to adopt smart building solutions to achieve energy and cost savings, enhance their productivity, improve their identity and access management, and optimize their surveillance activities. Manufacturing and industrial buildings have their own set of requirements based on different manufacturing processes and storage applications.\u003c\/p\u003e\n\n\u003cp\u003eThe commercial segment is expected to be the largest during the forecast period\u003c\/p\u003e\n\n\u003cp\u003eThe commercial segment is expected to be the largest share in the market. The surging deployment of building automation systems in large shopping complexes, office buildings, and public transport hubs, such as airports and railway stations, drives the growth of the building automation system market for commercial applications. HVAC controls, lighting controls, and security and access controls are the key systems used in commercial applications. Of these, security and access controls have become an integral part of commercial buildings owing to the rising security concerns across the world.\u003c\/p\u003e\n\n\u003cp\u003eRegion with highest share:\u003c\/p\u003e\n\n\u003cp\u003eNorth America is projected to hold the largest share in the market. The region accounted for a major share of the building automation system market. The rising requirement of energy management and the increasing demand for green homes has resulted in the growth of the building automation system market in North America. The market in North America has been studied for the US, Canada, and Mexico. Government organizations in countries of the region work together for efficient and clean production and use of energy.\u003c\/p\u003e\n\n\u003cp\u003eRegion with highest CAGR:\u003c\/p\u003e\n\n\u003cp\u003eThe Asia Pacific is projected to have the highest CAGR in the market. The growth of the building automation system market in APAC can be attributed to the economic growth in the region, along with a surge in construction and industrial activities witnessed by the key countries in APAC. The prime objective of consumers in APAC is to achieve energy savings with the implementation of building automation systems that directly translate to monetary savings. Countries such as China and India have increasingly started developing smart cities.\u003c\/p\u003e\n\n\u003cp\u003eKey players in the market:\u003c\/p\u003e\n\n\u003cp\u003eSome of the key players profiled in the Building Automation System Market include ABB Inc., Acuity Brands, AMAG Technology, Autani LLC, Azbil Corporation, Bosch, Cimetrics, Cisco, Control4, Delta Controls, Eaton Corporation, Echelon Corp., General Electric, Honeywell, Ingersoll Rand (Trane), Johnson Controls, and Siemens AG.\u003c\/p\u003e\n\n\u003cp\u003eKey developments:\u003c\/p\u003e\n\n\u003cp\u003eIn August 2020: Siemens launched Desigo PXC4 for HVAC plants and Desigo PXC5 for the function and integration of HVAC systems. These new generation Desigo building automation controllers help automate small and medium-sized buildings to get the most flexible and scalable building automation.\u003c\/p\u003e\n\n\u003cp\u003eIn August 2020: Johnson Controls acquired the remaining stake in Qolsys Inc., a leading residential and building automation solution and smart home developer. This acquisition is expected to enhance the long-term growth opportunities for broad cloud-enabled IoT fire safety solutions of the company.\u003c\/p\u003e\n\n\u003cp\u003eIn June 2020: Honeywell partnered with SAP SE to improve the performance of buildings in terms of energy efficiency by integrating cloud-based business and operational technology data. This data provides corporate companies, real estate owners, and building operators with aggregate financial and operational intelligence for their portfolios.\u003c\/p\u003e\n\n\u003cp\u003eIn Nov 2019: Johnson Controls acquired Building and Energy Management System’s (BEMS) product line of the Malaysia-based EasyIO. This factor creates significant growth opportunities, as the company is expected to leverage EasyIO’s products and team in the Americas, European, Middle Eastern, an d Asia-Pacific building au tomati on systems markets, as well as the global HVAC, safety, and refrigeration markets.\u003c\/p\u003e\n\n\u003cp\u003eTechnologies Covered:\u003cbr\u003e\nWireless Technology\u003cbr\u003e\nWired Technology\u003c\/p\u003e\n\n\u003cp\u003eOfferings Covered:\u003cbr\u003e\nFacility Management Systems\u003cbr\u003e\nSecurity and Access Controls\u003cbr\u003e\nFire Protection Systems\u003cbr\u003e\nBuilding Energy Management Software\u003cbr\u003e\nBuilding Automation System (BAS) Services\u003cbr\u003e\nEnvironment Control and Lighting Management\u003c\/p\u003e\n\n\u003cp\u003eApplications Covered:\u003cbr\u003e\nResidential (Do It Yourself (DIY) Home Automation)\u003cbr\u003e\nCommercial\u003cbr\u003e\nEducation\/ Universities\u003cbr\u003e\nGovernment\u003cbr\u003e\nIndustrial\u003cbr\u003e\nLaboratory\u003cbr\u003e\nLodging\u003cbr\u003e\nRestaurants\u003cbr\u003e\nTransportation\u003c\/p\u003e\n\n\u003cp\u003eRegions Covered:\u003cbr\u003e\nNorth America\u003cbr\u003e\nUS\u003cbr\u003e\nCanada\u003cbr\u003e\nMexico\u003cbr\u003e\nEurope\u003cbr\u003e\nGermany\u003cbr\u003e\nUK\u003cbr\u003e\nItaly\u003cbr\u003e\nFrance\u003cbr\u003e\nSpain\u003cbr\u003e\nRest of Europe\u003cbr\u003e\nAsia Pacific\u003cbr\u003e\nJapan\u003cbr\u003e\nChina\u003cbr\u003e\nIndia\u003cbr\u003e\nAustralia\u003cbr\u003e\nNew Zealand\u003cbr\u003e\nSouth Korea\u003cbr\u003e\nRest of Asia Pacific\u003cbr\u003e\nSouth America\u003cbr\u003e\nArgentina\u003cbr\u003e\nBrazil\u003cbr\u003e\nChile\u003cbr\u003e\nRest of South America\u003cbr\u003e\nMiddle East \u0026amp; Africa\u003cbr\u003e\nSaudi Arabia\u003cbr\u003e\nUAE\u003cbr\u003e\nQatar\u003cbr\u003e\nSouth Africa\u003cbr\u003e\nRest of Middle East \u0026amp; Africa\u003c\/p\u003e\n\n\u003cp\u003eWhat our report offers:\u003cbr\u003e\n- Market share assessments for the regional and country-level segments\u003cbr\u003e\n- Strategic recommendations for the new entrants\u003cbr\u003e\n- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028\u003cbr\u003e\n- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)\u003cbr\u003e\n- Strategic recommendations in key business segments based on the market estimations\u003cbr\u003e\n- Competitive landscaping mapping the key common trends\u003cbr\u003e\n- Company profiling with detailed strategies, financials, and recent developments\u003cbr\u003e\n- Supply chain trends mapping the latest technological advancements\u003c\/p\u003e\n\n\u003cp\u003eFree Customization Offerings:\u003cbr\u003e\nAll the customers of this report will be entitled to receive one of the following free customization options:\u003cbr\u003e\nCompany Profiling\u003cbr\u003e\nComprehensive profiling of additional market players (up to 3)\u003cbr\u003e\nSWOT Analysis of key players (up to 3)\u003cbr\u003e\nRegional Segmentation\u003cbr\u003e\nMarket estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)\u003cbr\u003e\nCompetitive Benchmarking\u003cbr\u003e\nBenchmarking of key players based on product portfolio, geographical presence, and strategic alliances\u003c\/p\u003e","brand":"Service Industrries","offers":[{"title":"March, 2022 \/ 200 Pages \/ MCW16272357","offer_id":47707776385330,"sku":null,"price":4980.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/building-automation-system-market-forecasts-to-2028-global-analysis-by-technology-wireless-technology-wired-offering-facility-management-systems-security-application-industrial-laboratory-and-by-geography","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}